ES Limit Orders

[FX-Trader]

Futures Market Simulation

Price capping is used to obtain the best price in the market while increasing the probability of an execution. Futures Market order simulations are submitted at .3% better than the best bid or offer. If the order becomes non-marketable, the best bid or offer is recapped at .3%.

 

[profitseer]

Quote from FX-Trader:

I guess it aint 4 handles down here anymore. So probably the prudent thing to do if you want 4 handles protection is wait until the S&P hits about 1300, then enter your market order.

trader: I thought you were supposed to reenter at .3% if I didn't get filled!

Ib: We did, but it just kept going down and down and down faster and faster and faster. How come you were long? Didn't you know it was a bear market?

 

[FX-Trader]

More stuff to think about:

Sell Simulated Stop Orders become market orders
when the last traded price is less than or equal to the stop price.